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$5,840 (target)

1732 Banaghen Way, Melbourne, FL 32940

3 beds • 3 baths • 2168 sqft

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This property looks like a bad Mid-Term investment with a projected -2.08% first-year return on $142k initial cash invested.

-2.08%

Cash On Cash

6.51%

Cap Rate

1

DSCR

$5,840

Rent

-$247

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$5,840 income − $6,087 expenses = $247 out of pocket

Income$5,840Out of Pocket$247Mortgage P&I$3,22655%Property Taxes$5119%Insurance$2144%HOA$1503%Management$70112%CapEx$2344%Vacancy$1753%Maintenance$2344%Other$64211%

Investment Breakdown

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Purchase Price

$592k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$142k

Downpayment

20%

$118k

Closing costs

1%

$5,919

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$5,840

Total Expenses

$6,087

Mortgage P&I

55%

$3,226

Property Taxes

9%

$511

Home Insurance

4%

$214

HOA

3%

$150

Property Management

12%

$701

CapEx

4%

$234

Vacancy

3%

$175

Maintenance

4%

$234

Other

11%

$642

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